Section 179 Information

News Alert: Section 179 Increased is One Million for 2019

Jan 4, 2019 – Section 179 is one million dollars for 2019, as stated in H.R.1, aka, The Tax Cuts and Jobs Act.The deduction limit for Section 179 is $1,000,000 for 2019 and beyond, while the limit on equipment purchases remains at $2.5 million.

Further, the bonus depreciation is 100% and has been made retroactive to 9/27/2017. It is good through 2022. The bonus depreciation also now includes used equipment.